Category: Real Estate
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Should Baby Boomers Buy or Rent After Selling Their Houses?
Are you a baby boomer who’s lived in your current house for a long time and you are ready for a change? If you are thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want…
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Why is Housing Inventory So Low?
One question that’s top of mind if you are thinking about a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why…. There aren’t enough homes available for…
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Expert Home Price Forecasts Revised Up for 2023
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.…
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What Experts Project for Home Prices Over the Next 5 Years
If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country.…
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Buyer Traffic Is Still Stronger than the Norm
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there. Buyers are purchasing homes today. The Showing Time Showing Index is a measure of buyers touring homes. The group below uses…
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Why It’s Still a Seller’s Market Today
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The…
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How Inflation Affects the Housing market
Have you ever wondered how inflation impacts the housing market? Believe it or not, they are connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing.…
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Why Median Home Sales Price Is Confusing Right Now
Existing Home Sales Report The National Association of Realtors is set to release its most recent Existing Home Sales report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previusly been owned. In the upcoming release, it will likely say home prices are down. This may…
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Money Traps that Keep You From Being Wealthy
Typically, people in the middle class have some kind of college education, some disposable income, and may even be planning for retirement. But that doesn’t mean they are financially stable. In fact, middle class households usually have some kind of debt like a mortgage, auto loan or credit cards. If you’re in the middle class…